Washington, DC – November 16, 2017 – The following statement regarding the confirmation of Joseph Otting to lead the Office of the Comptroller of the Currency (OCC) is attributed to Jason Oxman, Chief Executive Officer of the Electronic Transactions Association (ETA), the trade association of the global payments technology industry.
“We congratulate Joseph Otting on his confirmation to serve as the U.S. Comptroller of the Currency. We look forward to working with him to create a focus on innovation and competition as the OCC continues to grow 150 years after its founding.
We also thank Keith Noreika, who served as the Acting Comptroller, for engaging in an important dialogue on the future of financial industry regulation.”
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the U.S. and deploying payments innovations to merchants and consumers.